DoverPhila Federal Credit Union’s Holiday Skip-A-Payment has started and will run until the end of January. If you have made at least twelve full monthly payments on your loan, you have not exceeded the maximum skips allowed, and your account is in good standing, then you might qualify for this opportunity.
The Holiday Sip-A-Payment allowance is determined by the original loan term in years minus one. You can skip payment on all loans except Visa, HELOCs, and First Mortgages. Once the skipped payment is used, regular payments must continue and an additional month will be added to the length of your loan agreement. Finance charges will continue to accrue at the stated rate of interest on your loan agreement. If you have Credit Life, Disability Insurance, or GAP coverage, your policy will mature prior to the end of your loan term. The monthly fee, if applicable, will be due and payable with your next payment. Certain restrictions do apply with this offer. The Holiday Skip-A-Payment is valid for one month only and must be used before January 31, 2016.
If you would like more information on this opportunity, please contact a DoverPhila Federal Credit Union member service representative at 330-364-8874.